In the third quarter of 2021, the average sales price of homes sold in the US reached a staggering $453,300. That’s a massive increase of $55,500 from the same quarter of the previous year. With so much money going into buying a house, it only makes sense that you can use yours as collateral for a loan. However, that usually only works if you have enough home equity. So, how does home equity work, exactly? What does it even mean in the first place, and why should you care? This guide will get to the bottom of all those questions, so be sure to keep reading! What Is Home Equity?…

Have you ever wondered why property owners need a land title, and exactly what it does for them? If you’re planning to buy land, it makes sense to get familiar with real estate legal terminology. To sum it up, a title gives you ownership. You need it to prove that you own your home or land, and to know where your territory begins and ends. Your home title spells out your address and name and states that you are the owner. Here’s an overview of what a land title is and what it needs to say. Is a Title and a Deed the Same Thing? When you’re buying or selling land documents that you…